“Toyota is to invest $500m (£387m) in Uber to expand a partnership to jointly develop self-driving cars.
The firm said this would involve the “mass-production” of autonomous vehicles that would be deployed on Uber’s ride sharing network. But didn’t rule out the possibility of the cars being owned and operated by third-party fleet managers.
It is being viewed as a way for both firms to catch up with rivals in the competitive driverless car market. According to a press release self-driving technology from each company will be integrated into purpose-built Toyota vehicles.”
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Cover: Toyota The Wave global stand by Déri Design, Geneva